Innventure, Inc. (NASDAQ:INV) Receives Average Rating of “Buy” from Analysts

Innventure, Inc. (NASDAQ:INV) has been given an average recommendation of “Buy” by the five ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.00.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Innventure in a report on Monday, December 29th.

Innventure Price Performance

Shares of INV opened at $4.18 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.31 and a current ratio of 0.39. Innventure has a fifty-two week low of $2.36 and a fifty-two week high of $13.05. The firm has a 50-day simple moving average of $4.46 and a 200-day simple moving average of $4.65. The company has a market capitalization of $283.15 million, a price-to-earnings ratio of -2.77 and a beta of 0.10.

Innventure (NASDAQ:INV) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.27). Innventure had a negative net margin of 18,877.40% and a negative return on equity of 29.39%. The company had revenue of ($5.00) million for the quarter, compared to analysts’ expectations of $1.98 million.

Insiders Place Their Bets

In other news, major shareholder We-Inn Llc sold 436,296 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $3.01, for a total value of $1,313,250.96. Following the completion of the sale, the insider owned 8,797,199 shares in the company, valued at approximately $26,479,568.99. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Stewart Scott sold 452,668 shares of Innventure stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $5.13, for a total transaction of $2,322,186.84. Following the completion of the sale, the insider directly owned 1,965,051 shares in the company, valued at approximately $10,080,711.63. The trade was a 18.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 58,786 shares of company stock worth $244,245 and sold 3,873,088 shares worth $15,941,913. 23.64% of the stock is owned by insiders.

Hedge Funds Weigh In On Innventure

Large investors have recently modified their holdings of the business. Yorkville Advisors Global LP acquired a new stake in shares of Innventure in the 3rd quarter valued at approximately $43,000. Fortis Capital Advisors LLC purchased a new position in Innventure in the second quarter worth $52,000. Jane Street Group LLC acquired a new stake in Innventure in the first quarter valued at $172,000. Naviter Wealth LLC purchased a new stake in shares of Innventure during the 2nd quarter worth $141,000. Finally, Diametric Capital LP boosted its position in shares of Innventure by 144.3% during the 2nd quarter. Diametric Capital LP now owns 32,573 shares of the company’s stock worth $156,000 after purchasing an additional 19,242 shares in the last quarter. 55.98% of the stock is owned by hedge funds and other institutional investors.

About Innventure

Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.